What's up everyone? Today is the second trading day of January and I'm finishing the morning up Eleven thousand, three hundred and seventy-six dollars. Yes, that's the smell of redemption I Bounced back. So what was the stock that got me above the five figure mark? Well, you're gonna hear all about it in today's midday market recap. Alright everyone, so let's jump right in and start breaking down the trades from this morning.

So today is a nice bounce-back yesterday. you know, start the month, started the year in the hole. it's you know is you never like to start a year like that and it's not the first time I've done it. So I can say from experience it's not fun, but you know it is the way it goes sometimes.

So anyways, today's are really nice rebound. Finishing the morning up eleven thousand, three hundred, seventy six dollars, and forty seven cents. Not bad for 43 minutes of trading. You know that's that's it.

I was done by Ten Thirteen. That was when I closed up my last trade. so the bulk of these profits were in the first thirty minutes and hitting a twelve thousand dollar winner on HG SH was very nice. Now you'll see here three names I Traded I'm red on LEDs this one I Let ride a little more because I had such a big cushion on the day.

So on this one I was up maybe like fifteen hundred bucks and I gave it room to really open up. You're thinking that it might work and it ended up not working I wouldn't have done this if I didn't already have a cushion on the name and this is one of the things that someone asked me yesterday on the YouTube video. In the comments, he said Russ if you hate your two thousand dollar goal or you hit your thousand dollar goal, why didn't you just stop trading. And here's the thing if I stop trading every time I hit my daily goal of a thousand dollars or whatever it is, you know, thousand dollars I guess is pretty much my goal then I would never have the day when I make thirty or forty thousand dollars because I would have stopped when I had that first winner.

That put me over the line and so you have to know when to you know, be willing to, you know, keep trading and put and when to you know, step back, take your money, and walk away and it's you Know It's a tricky decision. The fact that there isn't a hard set rule of when you cross this dollar amount, you walk away means it's left to your discretion. and anytime things are left to your discretion, when it's something like trading, there's room for error. You made the wrong decision instead of taking the profit yesterday and walking away, I pushed it a little too hard and I finished the day in the red.

Well you know today I was up $9,800 on HG SH and I kept trading and I made another $3,000 on that name, you know? So finishing up twelve thousand seven hundred bucks on one stock and that wouldn't have happened if I wasn't willing to keep trading. So you know that's just one of those things that you have to be able to each day take the temperature of the market and are we in a strong market today where I can afford to be more aggressive? Do I have a big profit cushion or is the market a little bit choppier and today I took my cue after to kind of small losses. the last loss on HG SH I gave back like 150 bucks and the loss on Led s I lost 1600. so after those two I said okay now I'm gonna step back and that was I think probably the right place to do it.

So let's look at H Gsh and well actually let's look at W K H s first because this was the very first trade of the day. So W KH s was gapping up pre market with news and so we're watching this for a gap and go trade. So the pre market highs were 325 and so as soon as the bell rang this had dipped down just a little bit and I jumped in as it started to squeeze up long 5,000 shares. I wanted to get in at 315 but remember whenever I press an order let's say for you know P X s if I want to get in at 316 my orders gonna be like at 321 it's usually 5 cents higher and it's because I do want to allow a little bit of slippage because it's usually better to get in a couple cents higher than to miss the whole opportunity.

So in this case I got in but I was in not at exactly where I wanted to be. it popped up and it tapped 3:25 and then it actually went all the way up to 3:30 and I sold as it was squeezing up at 323. I just I saw a couple sellers on the ask at 25 I wasn't sure if it was really gonna work and I ended up stopping out. So I did sell this.

Let's see yeah, I sold it on the ask and I did pick up liquidity for that exit which which is good but you know wasn't the the easiest trade so that was a small winner. 266 bucks, you know. First trade 30 seconds into the day and I actually thought I sold half and then I tried to sell the rest and you know I got an error because I was already all out so little mixup on my hot keys there and then the next one was HG SH and this one was funny because it was on our watch list because it was gapping up I believe the news was earnings and so you know I said well you know it's interesting I'll keep it on watch but I don't know. it's a little cheap I'm not sure it's gonna do much so I just kind of looked it over and didn't think a lot about it.

and then all of a sudden someone's like look at HG Sh it's squeezing up and it popped from a dollar eighty right to two bucks. and so as I saw it made that big 20 cent move. That's when I said okay I'm jumping in at $2 and you can see here I got filled I put out three or four orders and all four of them were partial fills at 98, two dollars, 203, and 206 all of them were partial fills. So I then have to cancel those orders because if I leave those orders out I'm trying to buy 10,000 shares and remember Maya counseled smaller right now so I can't leave those orders out or I'm gonna get errors with can't exceed buying power right? And that's what ended up happening I got errors about my buying power so I was like okay I need to cancel these and then place a new order to add for the half dollar break.

So I put a new order out to add for the half dollar break of 43, 44 and 45. At this point I'm just like the stock is going super-strong it's just taken off so I'm gonna try to ride the momentum. So I now have an average of 25 to 25 and my stop is you know, kind of at that point right about breakeven because I was up 25 cents and now gets halted on a circuit breaker for ten minutes because it moved ten percent in a five minute period, it resumes at 324 and I'm a dollar per share. Boom Full dollar per share and then you can see here it squeezes up.

So on resumption I started selling and then I started adding anything up, ending up adding at 316, selling at 329, adding it 346, selling it, 369, adding back at 346 and 350 selling at 365. So this is again the way I usually trade these moving in, moving out quickly as I'm watching the tape and reading the time in sales. So learning to read the tape is is a huge asset to you. and for me, you know in a lot of these stocks, there are certainly times where you could say geez, you would have been better off just holding your whole position.

you know from the beginning and just one entry in one exit and you could certainly do that as a beginner trader. I just don't seem to do as well when I trade that way. I do better moving in and out as I see the level 2 and the time in sales. So anyways, getting back in at 80, selling in 93, getting back in at 91 selling at 4:15 at and then I had Ellie excuse me Led Yes, so you know kind of wrapped up the trades there on that one.

L.e.d.s hits the scanners and it's one of these stocks that kind of likes to do sympathy momentum. So you see one stock start to move and next thing you know, traders will jump into the next one. So whoever jumped into it down here at 425 obviously did very well on that squeeze up to 579 I tried to add as it was squeezing because I was like okay, it's strong and I know this one likes to pop up like this. So I put out my order at 10,000 shares at 457 I was ready to step up to the plate because at this point I'm like look, I'm up ten thousand bucks I can be a little aggressive I only filled four hundred and fifty one shares.

so imagine if I filled ten thousand shares right? that 460 it squeezes up to 579 that would have been another ten thousand dollars. This would have been a twenty thousand dollar day. obviously I didn't get filled. its halted.

it resumes at 10:00 A.m. I add at five, forty, five, forty seven, it pops up to a high of 579 I didn't sell it because I thought maybe it would hit six dollars. ended up pulling back down and I stopped out of five ten and a little slippage at 588. So you know that's kind of just the way it goes that I probably I guess I should have just sold it when I was up 20 cents or 30 cents after it broke over the half dollar.

but I was just holding it thinking that maybe it would tap six dollars. So I gave it time for a one-minute micro pullback here, but then eventually it broke down on this candle and I couldn't afford to keep holding it so gave back a little bit of profit on that. And then my very last trade on HGH was on the five minute set up first five-minute candle to make a new high which is a good pattern. You can see it here.

so I got in anticipating the breakout at 376 and 378, adding at 399, expecting it to break over for it, then hits a hidden cellar at $4 and you can see lots of buying lots of accumulation at four and it was not breaking that level. Hit yeah, just four. and so I sold a little at 399 and sold the rest at 384 and 380 so gave back a little bit on that, but but not much and it was worth a stab because this could have gone all the way back up too high a day and that would have been a fantastic trade. so it was definitely worth the $150 of risk, so you know that's about it for me today.

Overall, a pretty solid day of trading actually tally up my accuracy here. so today. is day 238 of the Million Dollar Challenge. So we're crossing out of the $100,000 challenge of 2017 and now carrying it into the Million Dollar Challenge for 2018 and and on.

So sitting right now at three hundred forty two thousand dollars I'm thirty four percent of the way there up about seven thousand dollars on the month. obviously you know yesterday was red so I had to jump back and get myself into the green and hopefully we just see some better opportunities. You know in the next couple days and I can be, you know, aggressive and get my way up towards fifteen Twenty thousand dollars on the month, you know I don't really have hard set monthly goals because you know some months I'll make eighty thousand dollars and other months I'm only gonna make like ten grand. it's just based on the market and they can't really control that so you know if we're gonna really strong market I'll make a lot.

It'll be a great month if the market slows down. I'll have to slow down with it and you know, let the profits from November and December kind of carry me over until we see some good follow-through again. But I'm hoping that we see good continuation here in January and I don't see any reason why we wouldn't. And look at this.

a QB Yesterday at 2:00 in the afternoon this thing squeezed is from four dollars all the way up to ten bucks. a surprise afternoon squeeze. So we are still seeing some pretty incredible momentum. Yesterday's CHC I was also a strong one.

It continued a little bit today today, of course. HG SH Led S. Pxs is an interesting one. This one popped up on the scanners and it came right back down.

Cohn Another one that popped up on the scanners and came right back down. So that's when we started to see some false breakouts and that's when I said yeah I got a I Got kind of reduce my risk here and scale back. see PAH lighter volume, you know has a nice window from like 388 679 a CL NT another one. Kind of creeping up at Apt 942 today, so it's got kind of a window here, but again, lighter volume on this one.

So anyways, I'm just glad to be back in the green and you know that's definitely a better way to, you know, kind of start the year. Te om Sharlee Answer question on that. So why was te um, not a stock that I was closely watching. So this one has been on the scanners a lot of days in the last couple weeks.

You can see a lot of days, it's gapping and moving around and if you look at the average volume, it's like about 25 million shares a day. so very thickly traded. And I being someone who really likes to read the tape I have a hard time reading the tape on stocks that have that much volume 27 million shares because I look at this and I'm like oh, there's a 17,000 share seller there, you know I kind of have to wait but when you have this amount of volume, someone can buy him up in a second. I mean someone could just place a 20,000 share order and he's gone and so you start to see just the reading.

The tape is not as easy and so you have to focus a little bit more on the chart. which is fine except when stocks have this amount of volume, you see a lot of false breakouts because you kind of have I Don't know. It's just a little bit more of a tug-of-war traders with a long biased traders with a short bias. And it doesn't mean that this didn't have some range today, especially right out of the gates.

You know it did squeeze up to 4 or to 340, but I just don't feel like I trade these as well when they have that much volume. So I kind of steered clear. I would say maybe over 310 would have been a spot to potentially watch. I mean that that does look nice, but yeah, I you know I just am NOT as as good at trading these ones when they get kind of thickly traded.

I sort of just look at as this tug-of-war You've got traders with really deep pockets coming in, marketing in with huge size and that creates these whips to the downside, whips to the upside and I just find that I get chopped out I get faked out a lot more when I trade them. So I don't know why other than the level 2 in the tape being a little bit harder to read so no trades on te um, but yeah, good question there Jeffrey your question there. Looking at those screens you have there, it's like doing a checklist before you get catapulted off an aircraft carrier. So yeah, we definitely have the pre trading routine every single morning.

it's like okay, you know do have I slept well, eaten well check check Do I have a couple stocks? I what? I like check What's the condition of the overall market? We're in a strong market. We're in, you know, a medium market. We're in a weak market. How many small caps do we have on the Gap scanner? Is a small cap day or is it a large calf day? Do we have anything happening with like crypto currency? Is there going to be influence from the crypto markets today? You know? So there is kind of that checklist that you do internally to make sure that this is the day to be aggressive and Hg SH The reason I was aggressive on it was because it was gapping up with news I was already familiar with it I Didn't expect it to make a big move, but once it started to move I jump on the momentum and so I Talk about that a lot.

That part of my strategy often is buying stocks high and selling them higher. So that kind of you know saying of buy low, sell high. It doesn't really apply as much to day trading because look, Hg Sh was already gapping up. you know, 20% so we're obviously already buying it high I mean it's it's already high.

We're not buying this low, it's high. But what I found and this is kind of the big you know discovery for me is that every single day there are stocks that move 20 to 30 percent every single day. And so if we can get in those stocks when they're up only 5 to 10 or maybe 20% we can ride them for another 10 20, 30 %. and so even if we only capture, you know, a quarter of that 30% move, that's still a big winner, especially compared to trying to trade.

You know stocks like you know your apples and your Facebook's on daily basis? These ones I just become so difficult to try to day trade. Obviously the volume is high, they're really popular with the Algos, the high-frequency traders and you know it's just something that is not easy for us to trade. So um, let's see. and Skyler now I haven't traded futures or Forex just just stocks.

You know it's kind of one of these things I sort of compare it to instruments in the band. You know you know how to play this one instrument, you know whatever the guitar and doesn't mean you don't want to kind of maybe test out the drums at some point, or maybe test the violin, but you kind of just have what comes naturally to you and so you usually just stick with it and become a real master of that. There are some people who can just fluidly cross from one instrument to another, and obviously they're incredibly talented musicians and in the trading world, incredibly talented traders. But I've never been really able to make those types of shifts.

so I kind of am more of like, you know I'm really good at what I'm good at and I kind of block out everything else and try not to get too distracted by it. and Julie the hot key that I use for the for a lot of these trades. it's shift one and so if we go into custom orders by edit, you'll see this is actually three cents above the Ask. So twenty-five hundred shares three cents above the Ask on the market of bats.

So that's the route I use I could use our car edge X but I happen to use bats so let's say done. So yeah, anyways, that's about it for me today. Overall, you know, good day back on the horse and hopefully I can stay. You know the green side of the you know, red to green line for the rest of the month and you know, just keep building my way back up.

You never know when you know this could have just easily been a day where I only made 200 bucks and I just had to say I'll have to wait for you know I'll have to wait for tomorrow Then it's not always the case that you get Redemption the day after and I wasn't more aggressive today because I lost yesterday I was just aggressive today because I saw a stock was really moving and HGH you know if I hadn't filled any of my position at 2:00 I would have been maybe a little more cautious about adding it to 50, but my average got bumped up to 225 and so I felt like I was still in good shape on that that average. All right everyone, so that's it for me. I'll see all of you guys first thing tomorrow morning for day three of January it'll be day 239 of the 1 million Dollar Challenge. Alright so I hope you guys are ball.

You know, set your intentions for 2018, set your goals. whatever they are, you know, keep your time, your stops tight. Go for those 15 20 cent winners knowing occasionally you'll get a stock like HGH that just really opens up and gives you you know, the full dollar per share. So my average winners today are: Let's see: 39 cents per share One is 5 cents, One is a dollar in one cent, One is 20 cents, One is thirty cents.

So average winners of 39 cents average losers of 17 cents. The Attitude: one profit loss ratio Accuracy today was 66% just below my 68 percent average. So I can handle that and hopefully be able to do it again tomorrow. All right.

So I'll see all of you guys first thing tomorrow morning around 9:00 9:15 for our pre market analysis. All right, I'll see you guys then if you're still watching, you must have really enjoyed that video. So why not subscribe and get email alerts anytime? I Upload new content. Remember when you subscribe, you become a member of the Warrior Trading family.